As the Foreign Exchange Strategy team at ING explains – “On a trade-weighted basis the dollar remains nears the highs of the year – this despite the likely prospect of three Fed rate cuts this year and Congress at war. The reason for the dollar’s resilience is the lack of attractive alternatives. And in a world of secular stagnation, no one wants a stronger currency right now.” Key Quotes: Deep challenges faced in Europe and Asia now mean that it will be Washington’s job to get the dollar weaker – either through trade conciliation or the Fed shifting to a full-on easing cycle. Neither of those outcomes look immediate, meaning that the risk environment could well deteriorate into year-end. We continue to favour the JPY. All this means that EUR/USD should languish in the 1.05-1.10 range into year-end as the European slowdown broadens from the manufacturing to the service sector and the ECB resumes Quantitative Easing. The likelihood that the Brexit deadline is extended into next March means no resolution here and that GBP could well fall another 5%. Elsewhere in Europe, the Polish FX mortgage story could have been worse but the region is slowly showing signs of a slowdown and CE4 FX is not immune. In the EMEA space, RUB may be the best performer on seasonal current account trends through 4Q19. In Asia, we’re fearful that the PBOC allows more CNY weakness to show through as trade relations deteriorate further. Asian FX is following and it looks like the MAS will have to join with an easier policy in October. In Latam, the medium/long term prospects for the BRL are improving, just as those for the MXN are deteriorating. But timing is everything! FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next CFTC Positioning Report: USD net longs remained on the rise FX Street 3 years As the Foreign Exchange Strategy team at ING explains - "On a trade-weighted basis the dollar remains nears the highs of the year - this despite the likely prospect of three Fed rate cuts this year and Congress at war. The reason for the dollar's resilience is the lack of attractive alternatives. And in a world of secular stagnation, no one wants a stronger currency right now." Key Quotes: Deep challenges faced in Europe and Asia now mean that it will be Washington's job to get the dollar weaker - either through trade conciliation or the Fed shifting to a… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.